Laureate Education Inc. (LAUR) COO Ricardo M. Berckemeyer Sells 47,983 Shares
Laureate Education Inc. (NASDAQ:LAUR) COO Ricardo M. Berckemeyer sold 47,983 shares of the business’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.29, for a total transaction of $685,677.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Laureate Education Inc. (NASDAQ LAUR) traded up 1.88% during mid-day trading on Thursday, reaching $14.64. 566,412 shares of the company’s stock traded hands. Laureate Education Inc. has a 12-month low of $12.12 and a 12-month high of $18.96. The stock has a market capitalization of $2.47 billion and a PE ratio of 236.13. The stock has a 50-day moving average price of $16.29 and a 200-day moving average price of $15.28.
Laureate Education (NASDAQ:LAUR) last released its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Laureate Education’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts expect that Laureate Education Inc. will post ($0.97) EPS for the current year.
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Several research firms have weighed in on LAUR. Piper Jaffray Companies reissued a “buy” rating and issued a $17.00 price target on shares of Laureate Education in a research note on Tuesday. Stifel Nicolaus reissued a “buy” rating and issued a $21.00 price target (up from $20.00) on shares of Laureate Education in a research note on Friday, July 7th. Finally, Zacks Investment Research downgraded shares of Laureate Education from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Laureate Education presently has an average rating of “Buy” and an average price target of $17.10.
Several large investors have recently added to or reduced their stakes in LAUR. Legal & General Group Plc raised its stake in Laureate Education by 61.2% in the second quarter. Legal & General Group Plc now owns 8,532 shares of the company’s stock valued at $150,000 after buying an additional 3,240 shares during the period. Quantbot Technologies LP purchased a new stake in Laureate Education during the second quarter valued at about $122,000. First Mercantile Trust Co. purchased a new stake in Laureate Education during the second quarter valued at about $150,000. Nationwide Fund Advisors raised its stake in Laureate Education by 91.2% in the second quarter. Nationwide Fund Advisors now owns 19,600 shares of the company’s stock valued at $344,000 after buying an additional 9,349 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Laureate Education by 12.3% in the second quarter. Wells Fargo & Company MN now owns 86,551 shares of the company’s stock valued at $1,517,000 after buying an additional 9,477 shares during the period. Hedge funds and other institutional investors own 98.91% of the company’s stock.
Laureate Education Company Profile
Laureate Education, Inc operates a network of degree-granting higher education institution. The Company operates in four segments: Latin America (LatAm); Europe; Asia, Middle East and Africa (AMEA), and Global Products and Services (GPS). The Company’s network includes approximately 70 institutions in over 25 countries on over 200 campuses, which the Company collectively refer to as the Laureate International Universities network.
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